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Nisshinbo to transfer TMD automotive brake business to German AEQUITA

Nisshinbo Holdings Inc. (Nisshinbo) announced that it will transfer all outstanding shares of TMD Friction Group S.A. (TMD), one of the main pillars of the company’s automotive brake business, as well as loan receivables against TMD and its subsidiary TMD Friction Holdings GmbH, to German company, AEQUITA SE & Co. KG....

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